In a Steady-State Economy with Population Growth N and Labor-Augmenting

question 34

Multiple Choice

In a steady-state economy with population growth n and labor-augmenting technological progress g, persistent increases in standards of living are possible because the:

• A)capital stock grows faster than does the labor force.
• B)capital stock grows faster than does the number of effective
• C)workers. rate of depreciation constantly decreases.
• D)saving rate constantly increases.

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Definitions:

Gamin

A street urchin; often portrayed in art and literature as a mischievous or neglected child.

Paul Robeson

An African American singer, actor, and civil rights activist known for his bass baritone voice and performances in Othello and Show Boat in the early to mid-20th century.

Lena Horne

An iconic American singer, actress, and civil rights activist known for breaking racial barriers in the entertainment industry during the mid-20th century.

Stereotypical Roles

Predefined or oversimplified characters or behaviors assigned to individuals based on their race, gender, or social status, often perpetuating clichés and biases.